Santa Clara, CA: ATM fees have come under fire in a recently filed antitrust class action lawsuit against major credit cards and US banks, including Visa and MasterCard. The allegations are that the financial institutions conspired to increase the cost to consumers of ATM fees.
The US Supreme Court recently ruled that the plaintiffs have grounds to move their claims forward, according to an article by Fortune. The justices stated that a lower court was wrong in its determination that consumers had no legal standing for the complaint.
The consumers are alleging that Visa and Mastercard embraced rules that prevented ATM operators from charging a reduced fee for transactions processed through an ATM by a competeing network, thereby protecting themselves from people using cheaper ATM networks to do their transactions.
There are also claims that the banks that hold shares in Visa and MasterCard benefited from the antitrust practices.
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I was in overdraft my bank has placed 35 dollars then 25 dollars I paid 300 dollars but I still am 91 short because of all of the charges they have added I don't know what to do I am on disability i get 613 and my husband gets 1118 I don't know what to do
Posted by Ms. Jackson
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So I have a Key Bank account and I went into overdraft. In the next 3-4 day I deposited cash a transfer twice and a pay check into my account. Totally a number of four times to cure it. When I noticed my account was extremely overdrawn I immediately called Key Bank. And my bank told me they consider the negative first,,, before the positive. The racked up over $700. In overdraft fees.
I'm done with Key Bank I can't believe after all these of banking with them this how they would treat a customer...
Posted by Lorena Barr
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I get charged an atm fee everytime I use an atm other than my banks
Posted by Kevin Parker Robinson
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I've also seen charges for checking account balances and transactions at "non bank" ATMs
Posted by Glenn
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Posted by Yolanda Brown
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I am also charged a fee for using my MasterCard. At the ATM and paying my utilities 2 times that day and paying my sprint bill at the sprint store. They charge me $3 also to pay it. So that's charged 3 times for the day
Posted by melody cromer
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I also get charged every time 2 times once at the bank and then through the places I use it at such as food grocery stores and paying utilities!I want in on this lawsuit also plus my husband does also! It is a joint account!
Posted by Richardo C Valdez
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I also have been charged twice for atm fees
Posted by Sonja
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Get charged an extra fee for using my Visa card when I order food from a restaurant but neither visa nor the business is claiming ownership. Always charged extra fees for using the atm - up to $3.00 for the atm and then I am hit again by visa for an additional $2.50. Please add me to this lawsuit.
Posted by katherine
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i am on a fixed income and still get charged i cant afford it !
Posted by Bradley Grisham
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I have lost a lot of money because of them damn things always had to get charged an extra dollar or
Posted by Jeffrey Delpin
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Visa and Mastercard have charged me fees for atm,,transactions
Posted by jd
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My bank and credit cards both charge fees
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